Auto Data Network Signs Letter Of Intent To Acquire Regulatory And Compliance Specialist; Acquisition to support legislative changes in the UK after market sales

NEW YORK & TUNBRIDGE WELLS, UK--Nov. 4, 2003--Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, today announced that it has signed a Letter of Intent to acquire IFAct, a company specialising in compliance consultancy and services to Financial Services Authority (FSA) regulated companies. This move is aimed at further supporting Auto Data's new range of insurance related services for UK auto dealerships.

IFAct, founded in 1995, is one of the leading compliance consultancy practices in the UK specialising in providing expertise and support solutions on FSA regulations and compliance, and General Insurance Standards Council and Personal Investment Authority requirements. The UK's N2 - the commencement of its Financial Services and Markets 2000 regulatory system - forced FSA regulated firms to re-examine compliance procedures, controls and systems. The acquisition for Auto Data is one of a series of targeted acquisitions being made to extend the range of specialist services to dealership customers.

Auto Data Network's Chairman and CEO Chris Glover commented, "Insurance and financial services products are of great commercial value to our dealership customers. Research has demonstrated that income from these products represents, on average, approximately 35% of a dealership's profit. The impending regulation of general insurance presents a real challenge to our clients in being able to continue to offer these products through their dealerships in the future. The acquisition of IFAct would allow us to provide essential expertise and support to our customers in this complex area and supports our group's investment in providing solutions that tackle real commercial issues."

Mr. Glover commented further, "We believe that currently there are no comparable offerings to automotive dealerships who wish to continue to offer insurance services after January 14, 2005. The combination of Auto Data's software and IFAct's services creates a unique combination of high level knowledge and skills, coupled with cost effective on line compliance software solutions. For UK regulatory purposes it is important that this is reinforced by supervisory services, which IFAct can deliver. Collectively, we will be able to offer a lifeline to our clients to help them to protect and maintain their income from insurance service and, equally important, help them continue to offer added value services and choices to their clients."

About Auto Data Network Inc.

Auto Data Network is a group of established companies that provide software products and services to the automotive industry. The Company's main customer base is the auto dealership marketplace. This marketplace consists of approximately 78,000 dealers in North America and 92,000 dealers in Europe. The Company estimates that this represents a $15 billion market for Software and Services specifically for auto dealerships. The company supplies a suite of software solutions and services that enable dealerships to run their businesses more efficiently whilst achieving considerable cost savings. The majority of the company's current solutions are focused on serving the aftermarket and finance areas of dealerships. These areas are of particular importance as the aftermarket business is responsible for 48% of a dealerships profit from 12% of their overall revenue. The second most profitable area is vehicle finance and insurance this area contributes 35% of profits from 2% of revenues.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed time to time in the Company's filings with the Securities and Exchange Commission (SEC).